Sec. 1681p. Jurisdiction of courts; limitation of actions

An action to enforce any liability created under this subchapter
may be brought in any appropriate United States district court,
without regard to the amount in controversy, or in any other court
of competent jurisdiction, not later than the earlier of -
(1) 2 years after the date of discovery by the plaintiff of the
violation that is the basis for such liability; or
(2) 5 years after the date on which the violation that is the
basis for such liability occurs.

AMENDMENTS
2003 - Pub. L. 108-159 reenacted section catchline without change
and amended text generally. Prior to amendment, text read as
follows: "An action to enforce any liability created under this
subchapter may be brought in any appropriate United States district
court without regard to the amount in controversy, or in any other
court of competent jurisdiction, within two years from the date on
which the liability arises, except that where a defendant has
materially and willfully misrepresented any information required
under this subchapter to be disclosed to an individual and the
information so misrepresented is material to the establishment of
the defendant's liability to that individual under this subchapter,
the action may be brought at any time within two years after
discovery by the individual of the misrepresentation."
EFFECTIVE DATE OF 2003 AMENDMENT
Amendment by Pub. L. 108-159 subject to joint regulations
establishing effective dates as prescribed by Federal Reserve Board
and Federal Trade Commission, except as otherwise provided, see
section 3 of Pub. L. 108-159, set out as a note under section 1681
of this title.